Sunday, November 1, 2009

Adoption Tax Credit

Apparently, Capitol Hill is trying to make the decision to discontinue the adoption tax credit. I copied and pasted this off of another blog:

The adoption community is receiving conflicting messages about the future
of Adoption Tax Credit. There are some talks on the Capitol Hill about
doing away with the Adoption Tax Credit, which will affect thousands of
adoptive families who are still waiting to complete their adoptions.

Representative Jim DeMint, R-South Carolina, is sponsoring legislation
that will make permanent the adoption tax credit and adoption assistance
programs, which are set to expire in 2010. The legislation known as the
Adoption Tax Relief Guarantee Act has the support of more than 100 members
of the House of Representatives. Rep. DeMint spearheaded enactment of The
Hope for Children Act in the 107th Congress, which doubled the adoption
tax credit from $5,000 to $10,000, though with a sunset provision. The
Adoption Tax Relief Guarantee Act would make the effect of the Hope for
Children Act lasting and would benefit future generations.

A permanent adoption tax credit presents a win-win situation as it
promotes adoption, all the while making good economic sense. Adoption can
be expensive, usually costing anywhere from $10,000 to $25,000, a
prohibitive cost for many taxpayers. The need for, and appropriateness of,
a permanent adoption tax credit could not be clearer, with the numbers of
individuals considering adoption at an all time high and the numbers of
children available for adoption increasing. And, adoption benefits all
society, not only those who adopt or are adopted, because children raised
in loving, stable families grow up to be good citizens and productive
members of their communities.

Please, go to www.house.gov to e-mail your Congressional representative,
asking him or her to support the Adoption Tax Relief Guarantee Act. You
can also go HERE for more information about Rep. DeMint's legislation.

1 comment:

I have been watching this as well, as have many adoptive families. Thanks for posting this. I e-mailed my representative tonight and borrowed some of the wording from your post. Let us all pray that this legislation will pass.

Faithful Adoption Consultants provides support, education and guidance for couples seeking adoption. Adoption can be overwhelming, intimidating and time consuming, BUT with our guidance your adoption will be a rewarding experience.